TheDailyGold: The Macro is Pivoting to Gold Stocks...

Published: Thu, 06/23/22

 
The Daily Gold
Jordan Roy-Byrne, CMT, MFTA
 
 

WEEKLY NEWSLETTER

Thursday, June 23, 2022
 
 
 

Good Morning!
Last weekend I interviewed Gary Tanashian, who in my opinion, is one of the absolute best observers of Gold's true fundamentals. And he's a damn good market timer as well.

Click Here to Listen to the Interview



Next, Oil and Bond Yields put in nasty bearish reversals last week and we are seeing a bit of continuation this week. Is this the start of a shift in inflation expectations?

Click Here for My Analysis on Video



The reality is the worse the bear market, the better it is for Gold and the like. Follow the link below for my brief review on some history and why this bear market will ultimately lead to $4,000 Gold.  

Click Here to Read My Article
 

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Here is a chart of the 5-year breakevens. This is an expectation of inflation over the next 5 years, from the bond market.

It nearly hit 4.00% months ago but has been diving lower in recent months. A bit more follow thru to the downside and a top will be in for a while. 






This chart plots the percentage of S&P 500 stocks trading above the 50-day moving average. 

Days ago it hit 2%, which is the 4th lowest reading in the last 33 years. The stock market is going to rally. 




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In TheDailyGold Premium...



Note, new features in TheDailyGold Premium....
-Top 10 Stocks Table (included in every update)
-Top 10 "10-Bagger Stocks" Stable (included periodically)
-Coming Soon: CEO Interviews 


TDG #783 included a full page of macro-market commentary, model portfolio commentary, our top 10 table and a few pages worth of company news.

We also focused a bit on sentiment in Gold.

I made one change to the Top 10 Table.

I added a company to the list. It has been one of our biggest winners and we trimmed it reasonably close to the peak price. It corrected over 40% and could have bottomed. This is a high quality company.


I'm very confident Gold is getting closer to a big move. Given the trend in economic data and markets, July could be the Fed's last hike. They will have to cut rates before the end of the year, and we know that's going to be super bullish.

​​​​​​​I anticipate juniors will be substantially higher in 6 to 9 months.    

 

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Thanks for reading. I wish you all great health and prosperity in 2022 and beyond!
 

-Jordan
 

Disclaimer: This newsletter is intended for informational and educational purposes only and should not be considered personalized and individualized investment advice. Investment in the precious metals sector contains significant risks. You should consult with an investment advisor and do your own due diligence before making any investment decisions. This email may contain certain forward looking statements which are subject to risks, uncertainties and a multitude of factors that can cause results and outcomes to differ materially from those discussed herein.  
 
 

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